New Mountain Finance Corp (NMFC): debt financing — New Mountain Finance issues $300M of 6.875% notes due 2029 to repay existing debt

New Mountain Finance Corp

Issued $300M aggregate principal of 6.875% Notes due Feb 1, 2029; interest payable semi-annually Feb 1/Aug 1 starting Aug 1, 2024.
Net proceeds to repay borrowings under Wells Fargo senior secured revolver and 5.494% unsecured notes due April 30, 2024.
Notes are unsecured, rank pari passu with existing unsubordinated unsecured debt; callable at make-whole premium before Jan 1, 2029, then at par.
Fifth Supplemental Indenture includes covenants requiring compliance with Section 18(a)(1)(A) of Investment Company Act (as modified).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

New Mountain Finance Corp incurred senior notes of $300 million aggregate principal amount with U.S. Bank Trust Company, National Association at 6.875% per year maturing February 1, 2029.

Instrument: senior notes
Principal: $300 million aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.875% per year
Maturity: February 1, 2029
Event: incurrence

Exact text from the filing

The Fifth Supplemental Indenture relates to the Company’s issuance and sale of $300 million aggregate principal amount of the Company’s 6.875% Notes due 2029 (the “Notes” and the issuance and sale of the Notes, the “Offering”).

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New Mountain Finance Corp filing history →

Source: SEC EDGAR

accession 0001628280-24-002942

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